Hanson co had 200000 shares of common stock 20000 shares of

Reference no: EM13597444

Hanson co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and 1,000,000 of 10% convertible bonds outstanding in 2011. The preferred stock is convertible into 40,000 shares of common stock. During 2011, Hanson paid dividends of $1.20 per share of common staock and $4 per share of preferred stock. Each $1000 bond is covertible into 45 shares of common stock. The net income for 2011 was $800,000 and the income tax rate was 30%. Basic earning per share for 2011 is?

Reference no: EM13597444

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